Archive for the ‘Blog’ Category

California High-Speed Rail Rides No-Bid Gravy Train


Thursday June 22nd, 2017   •   Posted by K. Lloyd Billingsley at 9:42am PDT   •   0 Comments

California’s vaunted bullet train has yet to carry a single passenger but it has managed to make the news. As it turns out, the state’s High-Speed Rail Authority offered a contract extension of $3 million on a noncompetitive basis. In other words, it was a no-bid sweetheart deal. That emerged in a new report...
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Illinois Comptroller Tells Governor: “The State Can No Longer Function”


Thursday June 22nd, 2017   •   Posted by Craig Eyermann at 6:21am PDT   •   0 Comments

Illinois’ fiscal situation is getting worse. ZeroHedge summarizes the state’s rapidly deteriorating predicament: With just 10 days to go until Illinois enters its third year without a budget, resulting in the state’s imminent downgrade to junk status and potentially culminating in a default for the state whose unpaid bills now surpass $15 billion, Democratic...
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U.S. Forest Service Can’t Cut It


Wednesday June 21st, 2017   •   Posted by K. Lloyd Billingsley at 8:15am PDT   •   0 Comments

“Budget cuts threaten forests’ roads, hunting, fishing,” headlines the piece by McClatchy reporter Anshu Siripurapu. Trails “could get messier,” and maintenance on bridges, dams and recreation sites “could” become tougher. “That’s the potential fate of national forest projects, thanks to President Donald Trump’s proposed budget for fiscal 2018,” Siripurapu warns. The president seeks $100...
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Government Greedloaders Always Grab More


Tuesday June 20th, 2017   •   Posted by K. Lloyd Billingsley at 12:19pm PDT   •   0 Comments

As we noted, Jerry Brown has jacked up gasoline taxes and fees by $5.2 billion, and the governor slams those less than worshipful of this hike as “freeloaders.” Brown is a big booster of “subsidiarity,” which means that bureaucrats can use tax money designated for needy school children to boost the salaries of bureaucrats...
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Eliminating Federal Government Waste: Phase 1


Monday June 19th, 2017   •   Posted by Craig Eyermann at 6:10am PDT   •   0 Comments

What a difference a small change in personnel at the White House makes! Nearly two and a half years after becoming President, Barack Obama finally got around to signing an executive order to establish the “Campaign to Cut Government Waste“, which promised to impose new oversight and accountability aimed at reducing waste, fraud and...
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Illinois Headed for the Junk Heap


Thursday June 15th, 2017   •   Posted by Craig Eyermann at 6:41am PDT   •   0 Comments

Over the last several weeks, we’ve been watching a very strange race to the bottom between two very fiscally-troubled states, Illinois and Connecticut, where the state government of each seems intent on becoming the first U.S. state to crash its credit rating all the way down to junk status. It looks like Illinois’ state...
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Costing Out California Socialism


Wednesday June 14th, 2017   •   Posted by K. Lloyd Billingsley at 3:23pm PDT   •   0 Comments

Joel Kotkin, a Presidential Fellow in Urban Futures at Chapman University, charts “California’s Descent to Socialism,” a new statist strain that “more resembles feudalism than social democracy” and being advanced by, “among others, hedge-fund-billionaire-turned-green-patriarch Tom Steyer.” He wants to double down on environmental and land-use regulation but as Kotkin observes, the state’s already severe land-use...
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Plan to “Blow Up” Wasteful Board of Equalization Is Fake Reform


Tuesday June 13th, 2017   •   Posted by K. Lloyd Billingsley at 10:14am PDT   •   0 Comments

As we noted, California’s Board of Equalization has managed to misallocate nearly $50 million in tax revenue. BOE members have been spending public funds to promote themselves, staging useless events, and dishing out raises to high-salaried staff without performance reviews. The shabbily constructed BOE headquarters in Sacramento remains a safety threat and bottomless money...
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Why Higher Taxes Won’t Pay for New Welfare Programs


Monday June 12th, 2017   •   Posted by Craig Eyermann at 6:41am PDT   •   0 Comments

Economist Tyler Cowen has a thought-provoking op-ed in Bloomberg that challenges the government bureaucrat industrial complex argument that higher taxes on the rich will provide enough money to pay for every welfare program they want. Here’s perhaps the most eye-opening part of Cowen’s article: If we look at the overall fiscal position of the...
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Consumer Financial Protection Bloat


Friday June 9th, 2017   •   Posted by K. Lloyd Billingsley at 11:52am PDT   •   0 Comments

The Financial Choice Act designed to undo Dodd-Frank financial regulations has passed the House and as it moves to the Senate opponents are crying foul over attempts to weaken the federal Consumer Finance Protection Bureau (CFPB). Ed Mierzwinski of the U.S. Public Interest Research Group told Consumer Reports, “The bill would leave the successful...
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